Effects of credit crunch Essay Example | Topics and Well Written Essays - 1500 words

Effects of credit crunch - Essay Example ; data cover both central government debt and local government debt, which China's National Audit Office estimated at RMB 10.72 trillion (approximately US$1.66 trillion)in 2011; data exclude policy bank bonds, Ministry of Railway debt, China Asset Management Company debt, and non-performing loans 51.9% of GDP (2012 est.) 50.5% of GDP (2011 est.) note: data cover central government debt, and exclude debt instruments issued (or owned) by government entities other than the treasury; the data include treasury debt held by foreign entities; the data exclude debt issued by subnational entities, as well as intra-governmental debt; intra-governmental debt consists of treasury borrowings from surpluses in the social funds, such as for retirement, medical care, and unemployment; debt instruments for the social funds are not sold at public auctions Central bank discount rate $3.389 trillion (31 December 2011 est.) $4.763 trillion (31 December 2010) $5.008 trillion (31 December 2009 est.) $1.015 trillion (31 December 2011) $1.616 trillion (31 December 2010) $1.179 trillion (31 December 2009) Commercial bank prime lending rate 2.25% (31 December 2011 est.) 3.25% (31 December 2010 est.) 5.5% (31 December 2010 est.) 6% (31 December 2009 est.) note: the Indian central bank's policy rate - the repurchase rate - was 8% during December 2012 Stock of money 6% (31 December 2012 est.) 6.56% (31 December 2011 est.) 10.8% (31 December 2012 est.) 10.19% (31 December 2011 est.) Stock of quasi money $2.434 trillion (31 December 2008) $2.09 trillion (31 December 2007) $278.8 billion (31 December 2009) $239.8 billion (31 December 2008) Stock of domestic credit $4.523 trillion (31 December 2008) $3.437 trillion (31 December 2007) $853.4 billion (31 December 2009) $687.7 billion (31 December 2008) Stock of narrow money $12.59 trillion (31 December 2012 est.) $10.92 trillion (31 December 2011 est.) $1.402 trillion (31 December 2012 est.) $1.249 trillion (31 December 2011 est.) Stock of broad money $4.91 trillion (31 December 2012 est.) $4.6 trillion (31 December 2011 est.) $342.3 billion (31 December 2012 est.) $305.7 billion (31 December 2011 est.) Taxes and other revenues $15.58 trillion (31 December 2012 est.) $13.52 trillion (31 December 2011 est.) $1.451 trillion (31 December 2012 est.) $1.293 trillion (31 December 2011 est.) Budget surplus (+) or deficit (-) 22.3% of GDP (2012 est.) 8.8% of GDP (2012 est.) -2.3% of GDP (2012 est.) -5.6% of GDP (2012 est.) Table 1; comparison between Indian and Chinese economies, retrieved from http://www.indexmundi.com/factbook/compare/china.india/economy. China and India have some similar country economic profiles and

The Case of Sacco and Vanzetti Essay Example | Topics and Well Written Essays - 250 words

The Case of Sacco and Vanzetti - Essay Example The case of Sacco and Vanzetti is one of the incidences that have had several debates for several decades. However, even though they may have been actually guilty of the allegations as was decided by the judiciary, the kind of trial that they were given was totally unfair. This is because they were just anarchists, but with criminal connections. It was just a belief that anarchists were criminals, but in a real sense, some anarchists were just political activists, but not criminals. It is important to understand that one may be alleged to have criminal ties just in order to taint the image of the same individual, and this is exactly what happened in the case of Sacco and Vanzetti (Tejada, 2012). Therefore, it is of critical significance to note that the decision made by the juries confirmed that the anarchists were strongly discriminated upon by the government. In light of the above, it can be argued that the government was mainly opposed to the elements of anarchy, but not on the individuals who were behind the anarchy. This is why the juries had to make the decision that favored the sta nd of the government over the concern for her people, but not against the anarchists. Relevant to the above, it is of crucial significance to acknowledge the fact that if Sacco and Vanzetti could not have gotten involved in the radical activism and anarchy as was alleged, then the situation could not have been as it was, and the attention to the case could have been very dismal (Pernicone, 2015).